Which of the Following Statements Are True

question 72

Multiple Choice

Which of the following statements are true?
1) Your cognitive style is the same as your personality type.
2) Your cognitive style is innate and cannot be changed.
3) The three cognitive styles are knowing, planning, and creating.

• A) Statement 3 is true, and statements 1 and 2 are false.
• B) Statements 2 and 3 are true, and statement 1 is false.
• C) None of the statements are true.
• D) All of the statements are true.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production levels vary.

Output

The quantity of goods or services produced by a business, industry, or economy.

Long Run

Period in which all inputs or factors of production can be varied, and all costs are variable, allowing companies to adjust to changes in market demand or production capabilities.

Average Costs

A calculation that determines the cost of producing one unit of goods by averaging the total production costs.